NOTE: We got the strong move up patterns called for. Yesterday’s BTC update and trading strategy is right on target and can still be used for defining trades (can be adjusted for most large altcoins as well)
We’re adding an updated chart of ZEC because of the strong bullish move today — we think it’s a great example of seeing bullish signs (as we posted a week ago) but the trade not working out AT THAT TIME — reentry trades can be very safe and very profitable-could have reentered at various points AFTER the big move with a variety of SAFE high prob trading strategies –so if you like the bullish case for a crypto — keep studying and find another safe entry — no one bats 100% in trading.
As for the crypto market — charts tell the story but we’ll add that there are multiple signs of increasing volatility so we think it’s important that we see some follow through for BTC and key altcoins. If the bulls drop the ball here we expect to become MUCH more defensive in our trailing stops and trading strategy. Stay alert and STAY SAFE — high prob big moves are coming (bigger than today) and profits are never guaranteed.
2 CHARTS — The two key cryptos going into tomorrow
Trading strategy tip — $8400 continues to be a key price level for $BTC — can be useful in a variety of trades, position mgmt, etc (using closing price if at all possible)
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